JSW Group
Indian multinational conglomerate
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2024 | JSW Group awarded a grant to the National Law School of India University to renovate and expand a core academic block and establish an interdisciplinary policy research centre. |
December 2024 | JSW Neo Energy acquired a 4,696 MW renewable energy platform from O2 Power Pooling Pte for ₹12,468 crore, with the platform having a ₹3.37/KWh average tariff and 23-year remaining life across seven Indian states. |
December 2024 | JSW Group entered the non-ferrous metals sector by acquiring two Jharkhand copper mines from Hindustan Copper, adding copper to its metal portfolio. |
November 2024 | Shield AI partnered with JSW Defense to manufacture V-BAT drones in India, with JSW planning to invest $90 million over two years, including $65 million within 12 months for establishing manufacturing facilities and technology licensing. |
October 2024 | JSW Green Mobility receives 636 acres in Aurangabad Industrial City from the Government of Maharashtra, with plans to establish an electric car manufacturing unit on 546 acres and a commercial vehicle production facility on 90 acres. |
July 2024 | JSW Group signed a Memorandum of Understanding (MoU) with MS Ramaiah Institute of Technology and Sharika Smartec to establish the Center of Excellence for Smart Grid technologies in Bengaluru. |
June 2024 | JSW Defence and Aerospace completed delivery of 96 Specialist Mobility Vehicle (SMV) N1200 ATOR under a ₹250 crore defence ministry contract. |
April 2024 | JSW Steel raised a $900 million syndicated loan from a consortium of eight foreign banks to refinance debt facilities and repay expensive loans ahead of schedule. |
February 2024 | JSW Group signs a Memorandum of Understanding (MoU) with the Government of Odisha for an Integrated EV and EV Battery Manufacturing Project in Cuttack and Paradeep, aiming to manufacture 1 million electric cars in India by 2030. |
January 2024 | JSW Defence and Aerospace began manufacturing Specialist Mobility Vehicle (SMV) N1200 ATOR in Chandigarh, following their acquisition of 51% stake in Gecko Motors Private Ltd. and rebranding it as JSW Gecko Motors. |
2023 | JSW Group significantly expanded its diversity efforts by nearly tripling female engineer recruitment through the Graduate Engineering Trainee (GET) program, bringing in over 2,300 young trainees with nearly 600 women. |
2023 | JSW Group reaches a new peak in company valuation, demonstrating continued expansion and financial success over three decades. |
December 2023 | JSW Infrastructure announced plans to acquire a majority stake in PNP Port for ₹270 crore. |
November 30 2023 | JSW Group and China's SAIC Motor form a strategic joint venture, with JSW gaining a 35% stake in MG Motor India. |
October 3 2023 | JSW Infrastructure debuted on the Indian stock market with an initial public offering (IPO) at a premium of 20.2%. |
June 2023 | JSW Defence and Aerospace was awarded a ₹250 crore defence ministry contract to produce 96 Specialist Mobility Vehicle (SMV) N1200 ATOR. |
February 2023 | JSW School of Public Policy (JSW-SPP) was inaugurated at the Indian Institute of Management Ahmedabad, with architectural design led by Rahul Mehrotra. |
2022 | JSW Infrastructure recorded a profit of ₹318 crore from a revenue of ₹2,273 crore in the financial year 2022. |
2022 | JSW Group planned the merger of JISPL and CSSL subsidiaries and secured approval for a greenfield steel plant in Andhra Pradesh. |
2021 | Launched JSW One Platforms, comprising JSW One MSME and JSW One Homes digital platforms for industrial materials and home construction solutions. |
2021 | JSW Energy transferred its entire renewable energy portfolio to JSW Neo Energy, including equity shares in JSW Renew Energy, JSW Renewable Energy, and JSW Energy (Kutehr). |
2021 | During the second wave of COVID-19 pandemic, JSW Group established a temporary 1,000-bed COVID-19 hospital in Ballari near its township and installed a 5 km-long oxygen supply pipeline from its Vijayanagar steel plant to serve patients. |
2021 | JSW Group repurposed its multi-speciality Jindal Sanjeevani Hospital near Dolvi unit in Maharashtra to function as a COVID-19 treatment facility. |
2021 | JSW Steel Italy acquired a stake in GSI Lucchini and set a CO2 reduction target for 2030. |
2020 | During the COVID-19 pandemic, JSW Group demonstrated resilience by maintaining operations while implementing extensive health and safety protocols for employees across its diverse business sectors. |
2020 | JSW Group faced legal challenges in its purchase of Bhushan Power but continued to pursue the acquisition and expand its business presence. |
May 2020 | JSW Group pledged more than ₹100 crore to support relief initiatives through PM CARES Fund and state governments during the initial phase of the COVID-19 pandemic in India. |
2019 | JSW Group initiated significant infrastructure development projects, investing in expansion of its steel manufacturing capabilities and exploring new market opportunities. |
May 2 2019 | JSW Group established JSW Paints with a total investment, including ₹250 crore of equity investment and ₹350 crore debt investment from Axis Bank. |
2018 | JSW Group purchased Italy's Aferpi steel company and made investments in a greenfield Texas plant. The group also initiated a takeover of bankrupt Bhushan Power. |
2018 | JSW Group expanded its energy portfolio by acquiring a 25 MW solar power project in Karnataka, strengthening its renewable energy investments. |
2018 | JSW Group initiated the takeover of bankrupt Bhushan Power, demonstrating its strategic acquisition approach. |
2018 | Investments were made in a new greenfield plant in Texas, USA, indicating the group's international expansion strategy. |
2018 | JSW Group purchased Italy's Aferpi steel company, expanding its international portfolio. |
2013 | The group entered into a collaboration with Japan's JFE Holdings in the electrical steel sector. |
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